Standstill Date definition

Standstill Date means 14 February 2003 (or such later date as may be agreed by the Secretary of State).
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Standstill Date means the later of (i) the earlier of (a) the date occurring four years after the Closing Date and (b) the first day of the month following the month in which the Corporation has achieved $300,000,000 of Consolidated EBITDA during the 12-month period ending in such month, as certified by the Chief Financial Officer (the “First Standstill Date”) and (ii) the date on which all Preference Shares, if any, that are held by the Fairfax Group Shareholders as of the end of the Minority Co-Invest Period have been redeemed or purchased from (or otherwise Transferred by) such Fairfax Group Shareholders; provided that with respect to any PIK Preference Shares held by the Fairfax Group Shareholders, if an offer to redeem or purchase all such PIK Preference Shares has been made and rejected by a Fairfax Group Shareholder, then all such PIK Preference Shares shall be disregarded for purposes of this clause (ii));
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Standstill Date shall have the meaning ascribed to such term in Section 4.12(a).
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Examples of Standstill Date in a sentence

  • Reckson shall not commence, or be a party to an agreement providing for, or recommend acceptance of, a tender or exchange offer for shares of Reckson Common Stock if the earliest date on which such offer can no longer be accepted by a Reckson stockholder is prior to the Standstill Date.

  • The Company understands that, subject to the limitations set forth in Section 4.2 hereof, from and after the Revised Standstill Date, the Investor may seek to acquire additional Voting Securities from time to time from Persons other than the Company, in open-market transactions or otherwise.

  • As used herein, "Standstill Date" shall be the earlier of (i) tenth business day after the Exchange Agent has commenced delivering the Merger Consideration to holders of each of shares of Company Common Stock and Company OP Units or (ii) 30 days after the Outside Termination Date.

  • Notwithstanding the foregoing, Reckson may, prior to the Standstill Date, (a) execute an agreement requiring it to convene a Special Meeting of its stockholders or (b) commence, or be a party to an agreement providing for, or recommend acceptance of, a tender or exchange offer for shares of Reckson Common Stock, so long as the foregoing requirements, to the extent applicable, are satisfied.

  • Several defaults have occurred under the Loan Agreement, the Note, and the other Loan Instruments; however, pursuant to the terms of the 2018 Agreement, Lender has agreed not to take any action to collect from Original Borrower the Indebtedness until the Standstill Date occurs, as defined in the 2018 Agreement.

  • On any Standstill Date, the Holder agrees that it shall not, and shall not be permitted to, exercise the Series A Warrant, in whole or in part.

  • Standstill Date until the end of the Initial Term this Clause 16.9 (Loan To Value Ratio) shall not apply.

  • On and following the Standstill Date, Lender shall be free to be take any action to collect the Indebtedness from Borrower, or to enforce its rights under the Loan Instruments, including without limitation any and all rights to foreclose on the Mortgage and sale of the Mortgaged Properties, as Lender, in its sole discretion shall elect, unless Borrower shall, prior to the Standstill Date, cure all outstanding Defaults upon such terms and conditions as Lender may approve in its sole and absolute discretion.


More Definitions of Standstill Date

Standstill Date means either (i) any Trading Day that is the 2nd Trading Day after a Price Failure Date or (ii) any non-Trading Day for which the determination of the Net Number would be based on the Closing Bid Price on the Price Failure Date. “Price Failure Date” means any Trading Day on which the Closing Bid Price of the shares of Company common stock is below $0.0001.
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Standstill Date means close of business on the Commencement Date.
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Related to Standstill Date

  • Standstill Period has the meaning set forth in Section 3.1.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Lockup Period has the meaning set forth in Section 2.4(d)(i).

  • Term Loan Standstill Period has the meaning provided in Section 8.01(b).

  • Lock-up Period means the period beginning on the date hereof and continuing through the close of trading on the date that is 90 days after the date of the Prospectus (as defined in the Underwriting Agreement).

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination or (B) subsequent to the Business Combination, (x) if the last sale price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Agreement Period shall have the meaning ascribed thereto in Clause 3.2 of this Agreement.

  • Founder Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier to occur of (A) one year after the completion of the Company’s initial Business Combination or earlier if, subsequent to the Company’s initial Business Combination, the last sales price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (B) the consummation by the Company of any subsequent liquidation, merger, stock exchange or other similar transaction, which results in all of the Company’s stockholders having the right to exchange their shares of the Common Stock for cash, securities or other property.

  • Lock-up shall have the meaning given in Section 5.1.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Termination Time means the time at which the right to exercise Rights shall terminate pursuant to Section 5.1;

  • Consent Period has the meaning set forth in Section 3.05(d)(ii).

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Voting Period means the period commencing on (and including) the date of this Agreement and ending on (and including) the Expiration Date.

  • Non-Solicitation Period means a period of 12 months after the termination of Executive’s employment with the Company.

  • Release Effective Date means the date the Release becomes effective and irrevocable.

  • First Call Date means the date falling 24 months after the Issue Date or, to the extent such day is not a Business Day, the Business Day following from an application of the Business Day Convention.

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • Pre-Closing Period means any Tax period ending on or before the Closing Date.

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Syndication Date means the earlier of (x) the date upon which the Administrative Agent determines in its sole discretion (and notifies the Borrower) that the primary syndication (and resultant addition of Persons as Lenders pursuant to Section 14.04(b)) has been completed and (y) 90 days after the Initial Borrowing Date.

  • Opt-Out Date means the date by which Settlement Class Members must mail their requests to be excluded from the Settlement Class for that request to be effective. The postmark date shall constitute evidence of the date of mailing for these purposes.

  • Formation Date has the meaning set forth in the Recitals hereof.

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior